Apologies for emphasizing - the change in contracting party while subtle, is critical for Alliance. Financial credibility and cashflow aside, Jiangte is a much more diversified company who don't just depend on lithium price/margin to survive.
Note: Burwill is a AUD 120m market cap investment holding company principally engaged in commodities trading (and we understood that lithium is their main focus), while Jiangte is a AUD2b market cap company engaged in the R&D, production and sales of specialised electric motors and production of lithium battery cathode material, electric automobile drive motor and control systems, and electric vehicles.